Taxation Of Inherited IRA

I have a Rollover IRA in the USA. I have listed my wife as beneficiary, or in the event she dies before me, equally between my two sons. My understanding is that on my death it will become an Inherited IRA and will need to be disbursed within 10 years. Can you confirm that there is no IHT when the IRA passes to my beneficiary/beneficiaries, but they will be liable for UK tax on any subsequent periodic withdrawals they make.

Hi,

Please contact the Inheritance Tax team for advice:

Inheritance Tax: general enquiries

Thank you.